Indian equity benchmarks BSE Sensex and NSE Nifty 50 ended flat following a rangebound session on the last trading day of the week. FMCG and IT shares traded with gains supporting the headline indices, while financial and auto shares traded in the red, limiting the Upside. Investors await more financial results from India Inc for domestic cues. HCLTech reported its quarterly numbers on Thursday.
Sensex rises 23 points to Rs 59,655 while Nifty closes unchanged at Rs 17,624. Nifty Bank falls 152 points to Rs 42,118 and the Midcap index 132 points to Rs 31,087.
Listed below are 5 stocks to buy for an upside of up to 55 percent:
Axis Bank
Axis Bank, Established in 1994, is a commercial banking institution offering personal loans, saving accounts, education loans, forex, and Internet banking. The overseas operations of the Bank focus on trade finance, investment banking, corporate lending, and liability businesses.
ICICI Direct gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,100 indicating an upside of around 28 percent as compared to the existing price levels of Rs 861.
Laurus Labs
Laurus Labs Ltd is a pharmaceutical company providing active pharmaceuticals ingredients (API) including intermediates, Generic Finished dosage forms (FDF) and Contract Research services. It develops APIs and intermediates for select, high-growth antiretrovirals, Hepatitis C and Oncology.
Axis Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 395 indicating an upside of around 30 percent as compared to the existing price levels of Rs 303.
Angel One
Angel One Ltd is a retail broking house in India that provides broking and advisory services, loans against shares, margin funding, and financial products distribution to clients under its brand. It operates through three segments such as Broking and related services, Finance related activities, and Health & allied fitness activities.
HDFC Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,800 indicating an upside of around 47 percent as compared to the existing price levels of Rs 1,231.
ICICI Lombard General Insurance
ICICI Lombard General Insurance Co Ltd is a general insurance company with business segments including Marine, Fire, Engineering, and other liabilities. Some of the company’s products include Health Insurance, Car Insurance, etc. Geographically, the company operates within India itself.
ICICI Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,634 indicating an upside of around 54 percent as compared to the existing price levels of Rs 1,061.
Lemon Tree Hotels
Lemon Tree Hotels Ltd owns and operates a chain of business and leisure hotels in the country. The company operates its hotels under Lemon Tree Hotels, Redfox Hotels brands, and Lemon Tree Premier.
ICICI Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 132 indicating an upside of around 55 percent as compared to the existing price levels of Rs 85.
Written by Amit Suresh
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